The annual inventory carrying cost is 0.65 per unit. to, Ask an Expert

Management Studies

Calculating reorder point

Annual demand for a product is 13,000 units; weekly demand is 250 units with a standard deviation of 40 units. The cost of placing an order is $100, and the time from ordering to receipt is four weeks. The annual inventory carrying cost is $0.65 per unit. To provide a 98 percent service probability, what must the reorder point be?

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M9294287

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